A latest report has revealed that Tesla Motors Inc., the designers and manufacturers of electric cars has announced their future plans.

It has been revealed that they have made a sport-utility battery powered car which has gullwing doors. The car was unveiled also, but CEO Elon Musk told that they would start the sales of the care after starting the sales of Model S sedan.

The electric battery run car is for time being known as Model X, said Musk. While praising about the car, he told that the Model X is swifter than Porsche AG’s 911 sports car, and is quite spacious. The car which is roomier than Audi AG’s Q7 SUV is said to start getting built in 2013 and would go on for sales in 2014.

This would give Model S enough time to make its space in the market. Musk said that he would get two advantages, firstly, Model S would be able to extend its platform and secondly, the Model X would be benefitted from the image of Model S.

A lot many aspirations have been associated with the sales of Model S, said Musk, who further affirmed that sales graph of the car would decide their fate to become number one electric car designer and manufacturer. Till now, everything is quite positive about the Model S and its design has been immensely liked by people at Tesla’s design studio in Hawthorne, California.

The news has increased the shares of the company by 2% and all the investors of Tesla such as Daimler AG, Toyota Motor Corp. and Panasonic Corp are expecting great profits in near future. California Governor Jerry Brown said that he was quite impressed to see the Model S and expects Model X to be on the same lines.